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- Subject Index: Since 1995
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2006 SESSION
SB 358 Real estate tax; exemption in redevelopment or conservation areas, etc.
Introduced by: John S. Edwards | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Real property tax exemption in redevelopment or conservation areas or rehabilitation districts. Authorizes local governing bodies to provide for the partial exemption from taxation of (i) new structures located in redevelopment or conservation areas or rehabilitation districts and (ii) other improvements to real estate located in redevelopment or conservation areas or rehabilitation districts. The partial exemption would be a percentage of the increase in assessed value as a result of the new structure or improvement or an amount not to exceed 50 percent of the construction cost of such structure or improvement. The local governing body would be allowed to establish criteria for qualifying real estate including, but not limited to, the square footage for new structures. The bill is contingent on a constitutional amendment authorizing the exemption.
FULL TEXT
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 063220728 pdf | impact statement
- 02/09/06 Senate: Printed as engrossed 063220728-E pdf | impact statement
- 03/11/06 Senate: Bill text as passed Senate and House (SB358ER) pdf | impact statement
- 04/12/06 Governor: Acts of Assembly Chapter text (CHAP0572) pdf
AMENDMENTS
HISTORY
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 063220728
- 01/11/06 Senate: Referred to Committee on Finance
- 02/07/06 Senate: Reported from Finance with amendment (14-Y 0-N)
- 02/08/06 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/08/06 Senate: VOTE: (40-Y 0-N)
- 02/09/06 Senate: Read second time
- 02/09/06 Senate: Reading of amendment waived
- 02/09/06 Senate: Committee amendment agreed to
- 02/09/06 Senate: Engrossed by Senate as amended SB358E
- 02/09/06 Senate: Printed as engrossed 063220728-E
- 02/10/06 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/10/06 Senate: VOTE: (40-Y 0-N)
- 02/10/06 Senate: Communicated to House
- 02/14/06 House: Placed on Calendar
- 02/14/06 House: Read first time
- 02/14/06 House: Referred to Committee on Finance
- 02/27/06 House: Reported from Finance with amendments (22-Y 0-N)
- 02/28/06 House: Read second time
- 03/01/06 House: Read third time
- 03/01/06 House: Committee amendments agreed to
- 03/01/06 House: Engrossed by House as amended
- 03/01/06 House: Passed House with amendments BLOCK VOTE (99-Y 0-N)
- 03/01/06 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/03/06 Senate: Passed by temporarily
- 03/03/06 Senate: House amendments agreed to by Senate (39-Y 0-N)
- 03/03/06 Senate: VOTE: (39-Y 0-N)
- 03/11/06 Senate: Bill text as passed Senate and House (SB358ER)
- 03/11/06 Senate: Enrolled
- 03/11/06 House: Signed by Speaker
- 03/13/06 Senate: Signed by President
- 04/05/06 Governor: Approved by Governor-Chapter 572 (effective - see bill)
- 04/12/06 Governor: Acts of Assembly Chapter text (CHAP0572)